Bitcoin Forecast: Insights for the Upcoming Week.
Bitcoin experienced a bit of a flush out yesterday, but nothing much changed on the Bitcoin chart.
Bitcoin dipped from its top yesterday after reaching our second target, around 71.8k. It's not even a 5% down yet but everyone has started to panic. Some altcoins moved down quite strongly, but again, nothing unusual for crypto.
If you look at the previous red candles, it's looks like the largest red candle in a while. However, only a couple of weeks ago, we had similar occurrences.
So, it's just a normal day in crypto. We haven't even broken below the new support low range. $BTC failed to go up directly, but we could still be in fourth wave, looks bottomed already but let's see if that support continues to hold and if it holds the impulsive fifth wave will put smiles on our faces.
I expect a slight deviation back to support. This might occur over the weekend. An uptrend towards the 70k range could begin during the NY opening. Monday pumps are always anticipated but not fully trusted. From the shaded box range, where I expect a pullback, it should pump again after the short Monday pump and dump.
However, Take advantage of everything we do here on Binance square, that you get the key pivots!
